WASHINGTON – The Semiconductor Industry Association released the following statement in response to the new export controls announced by the US Commerce Department. SIA represents 99% of the US semiconductor industry by revenue and nearly two-thirds of non-US chip firms.

"We are evaluating the impact of the updated export controls on the US semiconductor industry. We recognize the need to protect national security and believe maintaining a healthy US semiconductor industry is an essential component to achieving that goal. Overly broad, unilateral controls risk harming the US semiconductor ecosystem without advancing national security as they encourage overseas customers to look elsewhere. Accordingly, we urge the administration to strengthen coordination with allies to ensure a level playing field for all companies."